Historic Preservation Economics

This course offers an overview of economic issues facing the historic preservation practitioner working in the public, private, or non-profit sectors.  It focuses on the economic impact of preservation upon communities, its measurement in terms of both financial and environmental benefits and the financial needs and fiscal management of preservation organizations and agencies, with emphasis upon the development and preparation of funding and/or grant proposals.  There is a substantial public service component of this course in which class groups prepare a report for a nonprofit organization on its fundraising and grant writing history and recommendations for future activity, including a draft grant application.

A student successfully completing this course will be able to:

  • Understand how historic preservation activity affects economic forces and vice versa.
  • Understand the workings and purposes of nonprofit historic preservation organizations and governmental agencies at all levels—national state, and community—and how the various organizations relate and work together.
  • Understand the measurable and immeasurable benefits of historic preservation.
  • Understand economic development in the context of programs such as Main Street and heritage tourism, tax incentives, transfer of development rights, conservation easements, fundraising and grant writing.
  • Research and develop funding and grant proposals.
  • Research, discuss, and critically evaluate economic data and other measurable and immeasurable benefits pertaining to historic preservation.

Have a sense of the contribution that historic preservation makes to community and environmental quality.